Miscellaneous Errors & Omissions
Clients have high expectations. When their expectations aren’t met, they’re quick to accuse a professional service provider of negligence, misrepresentation or inaccurate advice. As a result, even the most competent professionals are regularly targeted in professional liability claims. Rightly or wrongly, these professionals are often forced to pay substantial defense costs, settlements or judgments. When they are not covered by insurance, these costs often leave the firm and individual professionals involved financially devastated.
Miscellaneous Professional Liability insurance provides vital protection for a broad range of professional service providers which may face claims of negligence arising from fee-based professional services as well as for economic losses sustained by third-parties due to the insured’s alleged negligence. TCG writes coverage for classes in this area ranging from real estate agents and brokers to property managers; credit bureaus to consultants.